Value 360 Communications shares list at 20% discount to IPO price on NSE SME platform
Value 360 Communications shares debuted on the NSE SME platform Monday. The stock opened at Rs 78.4, a 20% discount to its IPO price of Rs 98. This listing was below grey market expectations. The Rs 41.69 crore IPO saw overall subscription of 1.20 times. Institutional investors showed strong interest, while retail demand was subdued.
Urban Company shares tank 9% after Q4 net loss swells to Rs 161 crore despite a sharp revenue uptick
Urban Company shares dropped nearly 9% after the company reported a significant surge in its March quarter net loss to Rs 161 crore, despite a strong 43% year-on-year revenue growth to Rs 426 crore. Net transacting value also saw a 42% increase, reaching its highest in 15 quarters.
Titan shares crash 6% after Q4 results. What are Goldman Sachs, Morgan Stanley, Bernstein, other brokerages saying?
Titan Company shares fell despite reporting a 35% net profit growth in Q4FY26. While the jewellery business saw exceptional 50% growth, international business losses impacted overall earnings. Analysts remain largely positive, with multiple brokerages maintaining ‘Buy’ or ‘Overweight’ ratings and raising price targets, citing strong jewellery outlook and long-term growth prospects.
Swiggy shares plunge 7% after Q4 results. What are Nomura, Citi and others saying?
Swiggy shares plunged 7% after the company reported a Q4 FY26 net loss of Rs 800 crore. Despite narrowing losses and strong growth in food delivery and Instamart, brokerages flagged rising competition in quick commerce. Nuvama, Nomura and Citi retained bullish ratings, citing improving margins, strong execution and long-term growth potential in both delivery business.
Oil Price Today (May 11): Crude oil back above $100 on no breakthrough in US-Iran peace talks. What are experts saying?
Oil prices surged over $3 a barrel as the U.S. and Iran failed to reach a peace agreement, keeping the Strait of Hormuz largely shut and global supplies pressured. President Trump rejected Iran’s response to a U.S. proposal, citing its unacceptability.
Dollar strengthens as Trump says Iran peace offer ‘unacceptable’
The dollar strengthened against major currencies early Monday. Strong US jobs data and ongoing geopolitical tensions involving Iran and the US boosted demand for the safe-haven currency. Oil prices saw a jump. China’s export growth accelerated in April. US President Donald Trump and Chinese President Xi Jinping are set to discuss key global issues later […]
Jio IPO set to be fully fresh funding; no OFS
Reliance Industries is shifting Jio Platforms’ IPO from an offer for sale to a fresh issue due to investor disagreements on pricing. This move prioritizes protecting retail investors by allowing market determination of post-listing prices, with proceeds directly benefiting the company for debt repayment and expansion.
Oil jumps as US and Iran disagree on peace proposal
Hopes for an imminent end to the 10-week-old U.S.-Iran conflict that would allow oil transit through the Strait of Hormuz were dashed after President Donald Trump on Sunday dismissed the Iranian response to a U.S. proposal for peace talks as “unacceptable”.
SBI bets on retail, MSME push to keep NIM above 3%
State Bank of India aims to maintain net interest margins above 3% in FY27, driven by easing funding costs from deposit repricing. However, slower CASA deposit growth compared to credit expansion may necessitate reliance on costlier term deposits. The bank plans to boost yields by accelerating growth in retail and MSME loans to offset margin […]
Global Market Today: Tech boost lifts Asian stocks as Iran risks push oil higher
Asian stocks advanced, led by AI-focused companies, as traders overlooked Middle East tensions. Despite rising oil prices and concerns over inflation, the market remains optimistic about corporate profits driven by AI investments. Investors are largely betting on a de-escalation in the Middle East, though volatility persists.